What Is the Difference Between a Company and a Corporation

question 60

Multiple Choice

What is the difference between a company and a corporation?

• A)A company is a type of corporation - one registered under the Corporations Act 2001 (Cth).
• B)A corporation, unlike a company, is an artificial entity separate from its members.
• C)There is no difference, and the terms can be used interchangeably.
• D)The term company is a more general term than 'corporation' and includes incorporated associations, body corporates, etc.

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Definitions:

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The tendency to interpret and judge phenomena by standards inherent to one's own culture.

Inter-rater Reliability

The level of agreement among independent observers or raters on the assessment or observation of a particular feature, indicating the consistency of measurements.

Schizophrenia

A complex psychiatric disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior.

Special Interest Groups

Organizations of people with shared interests who attempt to influence public policy and decision making to benefit their members or causes.